WS #11302
Citi, Goldman Sachs, and Morgan Stanley warn Brent could fall to $60/barrel as Strait of Hormuz traffic rebounds and Iranian oil re-enters markets, erasing all Iran conflict gains. Pakistan's defense minister declares 'open war' with Afghanistan after cross-border attacks, a new geopolitical risk that could offset de-escalation elsewhere.
Oil price collapse and oversupply
Citi, Goldman Sachs, and Morgan Stanley warn Brent could fall to $60/barrel as Strait of Hormuz traffic rebounds and Iranian oil re-enters markets, erasing all Iran conflict gains.
Pakistan's defense minister declares 'open war' with Afghanistan after cross-border attacks, a new geopolitical risk that could offset de-escalation elsewhere.